September 2017 deflation rate seen at 0.4%

The consumer price index fell an annual 0.4% in September mainly on cheaper vegetables and cleaning products, which offset an increase in energy prices, the statistical service said.

In January to September, consumer prices rose 0.7%, Cystat said in a statement on its website on Thursday. Compared to August, consumer prices rose 0.3%.

The prices of agricultural products fell 6.2% in September compared to the respective month of 2016 and those of industrial products fell 1.2%, Cystat said. Fuel prices rose 4.6%, electricity prices went up 3.8%, and services became 0.5% less affordable.

Consumer prices dropped 0.2% last month compared to August 2016.

Source: Cyprus Mail

Cyprus Profile

articles | 05 October 2017